Tuesday, March 29, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Mar29/2022-Tues.

MARKETS: PRICE SUPPLY/DEMAND-PER TRADING ACTIVITY
TRENDS: LINES: DISTINCT LOWS (UP)/DISTINCT HIGHS (DOWN)
TRADING: MOVE-TREND LINE-TARGET-CLOSE-MOMENTUM.
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT

CORN (ZCK22)/MAY: ENDING STOCKS/(LESS CHINA)-21/22-UP 4.99MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME: UP/DAY-(300.2-782.6)
TRADING: CLOSE BELOW TREND/PREVIOUS LOWS-MID(762-708)-NET SELLING. 
TARGETS: 790(762-708)622)-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

SOYS (ZSK22)/MAY: ENDING STOCKS/(LESS CHINA)-21/22-DOWN 11.78MMT 
TRENDS: PRICE: UP/YEARLY-OPEN INTEREST: LOWER-VOLUME: UP/DAY-(844-1765.0).
TRADING: FALLING-TESTED/CLOSE BELOW TREND/FLAT MOVE-SUPPORT@1626-STEADY.   
TARGETS: (1586(1626-1666)1707)-COMMERCIAL/FLAT SHORT-NON COMM/FLAT LONG.

WHEAT (ZWK22)/MAY: ENDING STOCKS/(LESS CHINA) 21/22-LESS 6-80MMT
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: FLAT-VOLUME: FLAT-(386.4-1363-4).
TRADING: DOWN-MORE ACTIVE-BELOW TREND-CLOSE UPSIDE 966-NET SELLING.
TARGETS: 1094(1061-966)935 COMM/MORE SHORT-NON COMM/LESS LONG.

DOLLAR (D6M22)/JUN                    
TRENDS: PRICE: UP/MONTHLY-OPEN INTEREST: UP-VOLUME: HIGHER
-(8321-6820)
TRADING: FLAT-LESS ACTIVE-ABOVE TREND-UPSIDE 7964-CLOSE UP-NET BUYING.
TARGETS: (7700(7787-7964)8053-COMM/LESS SHORT-NON COMM/NOW SHORT.

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